MRMA said the 16 proposals by SC will expand the scope of permissible activities, significantly enhance corporate governance on Malaysia’s REITs (M-REITs) disclosure and streamline the efficiency in post-listing requirements.

MQREIT chairman Tan Sri Saw Choo Boon said the better performance for 1HFY16 was achieved mainly through its proactive approach towards asset and portfolio management and cost management.

Stronger revenue from management services, due to the provision of facilities management to additional properties, also contributed to the rise in quarterly revenue.

Contract is for a period of three years.

“The tests and trial runs will not involve members of the public as we have to be absolutely sure that everything works fine before we open the line to the public.”

TRX City Sdn Bhd (formerly known as 1MDB Real Estate Sdn Bhd) saw a net profit of RM380.6 million in the financial year ended March 31, 2015 (FY2015). But it could have been a lot less had it not been for the income from the relocation of the Kuala Lumpur Air Force base (Pangkalan Udara Kuala Lumpur or PUKL).

"We are seeing an unnatural increase of rental at [the] George Town Unesco site and the tenants had been complaining that they had suffered more than 500% hike in rental for several years, which had forced them out, leaving their business."

SGREIT recently announced a FY16 revenue of S$219.7 million (RM661.8 million), net property income (NPI) of S$170.3 million, as well as a DPU of 5.18 cents.

The new site, which will be released to the market in 2017 with pre-lease, turnkey and land sale opportunities, complements Frasers Property Australia’s previously developed 100ha Eastern Creek Industrial Estate.